XTI Aerospace, Inc. 8-K

What Happened
XTI Aerospace (XTIA) announced in a Form 8‑K that its Audit Committee approved the dismissal of CBIZ, Inc. as the company’s independent registered public accounting firm effective June 26, 2026, and engaged KPMG LLP as the new principal accountant. The filing notes that CBIZ had been appointed effective April 15, 2025 after the prior auditor, Marcum LLP, was dismissed. CBIZ’s audit report for the year ended December 31, 2025 contained no adverse opinion or disclaimer and was not qualified or modified. The company requested and attached a letter from CBIZ (Exhibit 16.1) stating there were no disagreements or reportable events for the period April 15, 2025 through CBIZ’s dismissal.

Key Details

• Dismissal of CBIZ and engagement of KPMG effective June 26, 2026; change approved by the Audit Committee.
• CBIZ had been appointed April 15, 2025 following the dismissal of Marcum LLP (previously disclosed).
• CBIZ reported no disagreements with the company and no reportable events for the period it served; its FY2025 audit report was unmodified.
• XTI disclosed it did not consult KPMG on accounting or auditing matters during fiscal years 2024–2025 or the interim period through June 26, 2026.

Why It Matters
A change in independent auditor is an important governance event for investors because it affects who reviews the company’s financial statements. The filing’s statement that CBIZ had no disagreements or reportable events and issued an unmodified FY2025 audit reduces immediate accounting red‑flag concerns. Engaging a large firm like KPMG may bring additional audit resources and oversight; investors should watch future quarterly or annual filings for the first audit report and any discussion of internal controls or audit plans.